Adani Ports shines as its arm signs pact to acquire ICD `Tumb`from Navkar Corporation
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Adani Ports and Special Economic Zone is currently trading at Rs. 814.70, up by 26.50 points or 3.36% from its previous closing of Rs. 788.20 on the BSE.
The scrip opened at Rs. 795.00 and has touched a high and low of Rs. 815.95 and Rs. 790.85 respectively. So far 13539 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 924.65 on 27-Apr-2022 and a 52 week low of Rs. 652.05 on 24-Feb-2022.
Last one week high and low of the scrip stood at Rs. 823.00 and Rs. 778.45 respectively. The current market cap of the company is Rs. 166497.26 crore.
The promoters holding in the company stood at 66.02%, while Institutions and Non-Institutions held 29.30% and 4.65% respectively.
Adani Ports and Special Economic Zone’s wholly owned subsidiary -- Adani Logistics (ALL) has signed a definitive agreement to acquire the ICD ‘Tumb’ (Vapi) from Navkar Corporation for an enterprise value of Rs 835 crore. The deal comprises acquisition of the operational ICD with capacity to handle 0.5 million Twenty-foot Equivalent Unit (TEU). The associated 129 acres of land provides an additional expansion path to increase capacity and cargo in near future as additional industrial corridors and logistic parks get added along these DFC routes. The Tumb ICD has a private freight terminal with four rail handling lines connected with Western DFC and has custom notified land & bonded warehouse facilities.
Adani Ports and Special Economic Zone, a part of globally diversified Adani Group, is the largest integrated logistics player in India.
